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Wheat is the primary ingredient in bread, which makes it an essential agricultural commodity for all nations. While the US is the world's leading producer and exporter of soybeans and corn, it is only one of many wheat-producing countries around the globe. Over recent years, Russia's wheat production has grown, making it the world's leading exporter at times.
Each year, the global wheat crop is a function of the weather conditions in critical growing regions. Therefore, as the planting season approaches for the northern hemisphere, uncertainty over supplies begins to climb and tends to peak